Houlihan Lokey Advises Liveo Group

Houlihan Lokey is pleased to announce the successful refinancing of Liveo Group, a recently formed homecare specialists group, to support its growth strategy. Liveo Group consists of Medi-Markt Group (Medi-Markt), an existing portfolio company of Gimv, and the merged company Unizell Medicare GmbH (Unizell).

Mannheim, Germany-based Medi-Markt, and Bad Schwartau, Germany-based Unizell, are combining their strengths, assisted by European private equity company Gimv. The newly established Liveo Group’s service offering comprises a broad range of products and services required for domestic care and support, such as absorbent or drainage incontinence products, care for stoma patients, care aids, diabetes products, and enteral nutrition therapies as well as nursing courses, training, and emergency call systems. The group combines two quality-leading suppliers totalling more than 450 employees operating throughout Germany and forms the ideal framework for substantial synergies as well as continued growth and development.

With more than 40 years of experience in building leading companies and a local presence in Germany, Belgium, France, and the Netherlands, Gimv is a publicly listed company investing in opportunities in small and medium-sized companies. Gimv is passionate about turning ambitious companies into leaders and has a high regard for entrepreneurship. With an experienced European team of approximately 50 investment professionals with deep sector expertise, emphasis is put on sustainable growth and value creation.

Houlihan Lokey provided debt advice on all commercial aspects of the financing transaction and secured a highly attractive, tailor-made, and flexible financing structure that will support Liveo Group’s growth and daily operations.

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